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FEATURED COMPANIES

Analysts forecast the global emergency lighting battery market to grow at a CAGR of 7.83% during the period 2017-2021

Emergency lights are vital in public places so that people can be expatriated safely at times of crisis without panic. Due to this, bright and visible sign boards in prescribed size and color are installed at exit gates or exit routes. Theaters, commercial buildings, educational institutions, healthcare centers, residential buildings, industrial buildings, and manufacturing plants are required to be equipped with emergency lights. It should be positioned at places such as escape routes, at change of directions in the escape route, corridors, elevators, near first aid spots, staircases, and at changes in floor level.

Covered in this report

The report covers the present scenario and the growth prospects of the global emergency lighting battery market for 2017-2021. To calculate the market size, the report considers the global sales of emergency lighting and its battery systems.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Global Emergency Lighting Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

East Penn Manufacturing

Exide Technologies

EnerSys

Saft

Yuasa Battery

Other Prominent Vendors

ARTS Energy

ESCORP

JB Battery

Mackwell

MK Battery

Mule Lighting

Power-Sonic

Raca

Tridonic

Market Drivers

Rise in power outages

For a full, detailed list, view the full report

Market Challenges

Less awareness about emergency lighting systems in developing countries

For a full, detailed list, view the full report

Market Trends

Technological advancement

For a full, detailed list, view the full report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research:

Primary research includes in-depth interviews with industry experts, vendors, resellers and customers

Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Technological advancement. Incorporating light emitting diodes (LEDs) in green or red exit signs has been one of the most important technological advancements in the emergency lighting systems market. Owing to this improvement, the market has witnessed growth worldwide. Almost every exit sign in the industry now uses LED technology owing to its cost-competitive nature when compared with other traditional illumination emergency lighting sources. LED emergency light technology has a longer life cycle and is more energy efficient. Also, owing to improved efficiency, white LEDs are now bright enough to be used for emergency lighting applications like pathway lighting.”

According to the report, one of the major drivers for this market is Rise in power outages. Rising awareness of the numerous benefits of emergency lights among consumers has boosted the use of emergency lighting solutions. Modern lifestyles and increasing adoption of consumer electronics among people have made people dependent on electricity. Power outage is a major cause of concern in many countries, especially in developing countries, as it leads to significant losses at work. Power outages are rising in many countries, owing to which there has been an upsurge in the installation of emergency lighting systems.

Further, the report states that one of the major factors hindering the growth of this market is Less awareness about emergency lighting systems in developing countries. In developing countries like India, consumers opt for cost-effective alternatives to emergency lights such as portable emergency lights and UPS. Though emergency lights offer improved advantages in the event of UPS failure, fires, or natural disasters, there is a prerequisite to raising awareness about the benefits of emergency lighting systems over other solutions or substitutes in developing countries. The cognizance about the need to do consistent maintenance of emergency lights to ensure proper functioning is not proper in most of the developing countries. To overcome this challenge, some manufacturers are concentrating on creating cognizance about the use of the right kind of emergency lights for specific purposes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.